Plan Ledger DOL Form 5500 · updated monthly

Horizon Telcom401(k)

HORIZON TELCOM 401(K) PLAN · CHILLICOTHE, OH · plan year 2023

Reported admin expense ratio · 2023
0.23%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Horizon Telcom reported $62,033 in plan administrative expenses for 2023: 0.23% of average plan assets, below the peer median. Employer contributions averaged $4,686 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio rose from 0.20% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other information & media employers. By assets it is the 1,004th-largest of 3,295 plans among Ohio employers on file, and the 802nd of 2,199 in information & media. In 2023, employees put in $1.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,125,428
Participants with balances310
Active participants248
Employer contributions$1,162,157
Employee contributions$1,693,925
Employer contribution per active participant$4,686
Average account balance$93,953
Benefits paid to participants$3,579,859
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $1.0M emplr
2023$29.1M · 310 accts · $1.2M emplr
2022$25.3M · 294 accts · $891K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$21,581
Investment management$40,452
Total administrative$62,033
The Horizon Telcom 401(k) match · 2023
Employer contribution per active participant$4,686
Median for plans this size$2,440
2023$4,686 per active participant
2022$3,622 per active participant

Horizon Telcom's 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
EVERHART FINANCIAL GROUP INC · Investment advisory (plan)$31,256
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$21,581
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$9,197

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024Not separately reported
2023$62,033 · 0.23%
2022$53,493 · 0.20%
Similar plansInformation & Media · Ohio
Massillon Cable T.V., Inc. OH$31.9M · 0.00%
Babcox Media, Inc. OH$31.5M · 0.34%
Ideastream OH$28.3M · 0.12%
Brandmuscle Holdings, Inc. OH$27.9M · 0.81%
Clubessential Holdings, LLC OH$24.4M · 0.25%
Mim Software Inc. OH$21.6M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311449037 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.